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Home Buyers Don’t Need 20% Down Payment

The National Association of Realtors (NAR) found that many are still confused about what is required to qualify for a home mortgage.   The report, Aspiring Home Buyers Profile, surveyed future first time home buyers and homeowners expecting to purchase a home.  The results of the survey show that non-homeowners cite the main reason for not currently owning a […]

Surprised by Closing Costs?

  Over half of all homebuyers are surprised by closing costs required to obtain their mortgage, according to a survey conducted by ClosingCorp.   The survey included 1,000 first-time and repeat homebuyers.  The results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the […]

High Impact of Low Interest Rates on Your Purchasing Power

Interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history!  This is According to Freddie Mac’s latest Primary Mortgage Market Survey   The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.  Considering current Northern […]

Northern VA Homes Must Be Sold TWICE

In today’s housing market in Northern VA, where supply is very low and demand is very high, home values are increasing. Many experts are projecting that home values could appreciate by another 4%+ over the next twelve months. Sometime Northern VA homes must be sold twice because of the challenge this creates with the bank […]

Cost Interest Rate Makes

Cost Interest Rate Makes : Mortgage interest rates have come a long way in the last 30 years. The rate you secure directly impacts your monthly payment on your home and the amount of house that you can afford if you plan to stay within a certain budget. Mortgage interest rates are at their lowest […]